COMMENT From Mr Lance Taylor.
Sir, I refer to Martin Wolf's review of Edmund Phelps' Nobel lecture ("European corporatism needs to embrace market-led change", January 24). It is true that big European economies did not play the leading role in the information technology revolution, but that was not due to corporatism as Prof Phelps argues. It was the result of American industrial (essentially Defence Department) policy operating over five decades of history.
